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Tim Cook's personal security and travel expenses surged in 2019 as Trump's trade war with China threatened to gash Apple's profit (AAPL)

Tim Cook's personal security and travel expenses surged in 2019 as Trump's trade war with China threatened to gash Apple's profit (AAPL)
MANDEL NGAN / AFP



Apple may have spent less on lobbying than its Silicon Valley peers, but the costs of doing business amid a raging trade war with China seem to be partly reflected in the company boss's executive compensation.




Apple CEO Tim Cook's security and air travel costs surged more than double in 2019, according to the company's latest proxy statement.




This may be due to Cook's many visits to Washington this year: the famously-diplomatic company CEO is said to have forged close ties with President Donald Trump and his family, in a bid to dodge the punishing tariffs that the administration has placed on products manufactured in China, Apple's manufacturing hub.




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Apple may have spent less on lobbying than tech industry peers like Google and Facebook, but the costs of doing business amid a raging trade war with China are still apparent in the company head's executive compensation.
Apple CEO Tim Cook's salary has remained relatively flat over the past three years, according to the company's latest proxy statement. But compensation for his security and air travel expenses have surged explosively over the past year.
Air travel costs climbed 239% in value over the past year, costing the company $315,311. And costs for Cook's private security also rose 104% to $457,083.
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